Meghna Sen

The domestic passenger vehicle business continued to see strong volume growth. Volumes increased 46% YoY, although they declined 9% sequentially.

Brokerage firm Nuvama said LG Electronics India's Q1 performance was stronger than most of its peers, reflecting the company's diversified portfolio, market dominance and execution. The brokerage has retained the stock as its top pick in the consumer durables space.

For FY27, Page Industries continues to target double-digit volume growth, while maintaining its margin guidance at 19-21%.

While the ₹21,400-crore order book of Solar Industries provides strong medium-term visibility, particularly for the defence business, Kotak has raised its FY27-29 EPS estimates by 2-6% to factor in stronger execution during the quarter.

Skyways Air Services IPO comprises a fresh issue of shares and an offer-for-sale (OFS). The company will issue 2.88 crore equity shares through the fresh issue, while existing shareholders, including ... Read More

The LEAP India IPO received a strong response from investors, with the issue subscribed 8.38 times at the close of bidding on August 11. The retail portion was subscribed 1.71 times, while the qualified institutional buyers (QIBs) portion was subscribed 16.84 times. The non-institutional investors (NIIs) portion was subscribed 12.64 times.

Technocraft Ventures plans to use the net proceeds from the fresh issue primarily to meet its working capital requirements, with the balance earmarked for general corporate purposes. The original offer documents had proposed allocating ₹138 crore towards working capital requirements.

SAT stayed the SEBI order against Zee Entertainment and allowed the company to proceed with its proposed ₹3,143 crore preferential warrant issue to promoters.

SAT stayed the SEBI order against Zee Entertainment and allowed the company to proceed with its proposed ₹3,143 crore preferential warrant issue to promoters.

Managing Director and CEO Shenu Agarwal said that rising material costs remained a concern, but the company was pursuing better price realisation, cost-saving initiatives and improvements in product and business mix to mitigate the impact.